Assets (in KD) Liabilities (in KD) 20000 Accounts Cash 80000 payable Accrued Accounts receivable Inventory Property, Equipment, Plants 100000 100000 expenses 210000 Notes payables 180000 1500000-ong-term 'borrowings 400000 Less: Amortization 50000 Total liabilities Total equity Total Liabilities and Total Equity Total assets Income statement Sales COGS Gross profit Operating expenses200000 EBIT 900000 400000 Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. The average collection period is equal to: (Show calculation steps in reasons box) a.
Assets (in KD) Liabilities (in KD) 20000 Accounts Cash 80000 payable Accrued Accounts receivable Inventory Property, Equipment, Plants 100000 100000 expenses 210000 Notes payables 180000 1500000-ong-term 'borrowings 400000 Less: Amortization 50000 Total liabilities Total equity Total Liabilities and Total Equity Total assets Income statement Sales COGS Gross profit Operating expenses200000 EBIT 900000 400000 Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. The average collection period is equal to: (Show calculation steps in reasons box) a.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Assets (in KD)
Liabilities (in KD)
20000
Accounts
Cash
80000
payable
Accrued
Accounts
receivable
100000
100000
expenses
210000 Notes payables 180000
Inventory
Property,
Equipment,
Plants
Less:
Amortization
1500000
Long-term
borrowings
400000
50000
Total liabilities
Total equity
Total Liabilities
and Total Equity
Total assets
Income statement
Sales
COGS
900000
400000
Gross profit
Operating expenses200000
EBIT
Interest expenses
EBT
50000
Taxes
20000
Net Income
Consider the above balance sheet and income statement.
The average collection period is equal to:
(Show calculation steps in reasons box)
a.
100.55 days
b.
54.50 days
C.
55.40 days
d.
40.55 days
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